
Strong financial foundation
As of 2020, MSB’s total assets reached VND 176,697 billion, up 69% against 2015. Owners’ equity grew to VND 16,874 billion. Profit before tax reached VND 2,523 billion.
Currently, Business Payment Account is an essential basic service of corporate and institutional customers in commerce. With the desire to provide businesses with a fast, secure and secure account opening solution, MSB pioneered to deploy a variety of methods of opening business accounts, whereby businesses can open online. or to an MSB branch.
As of 2020, MSB’s total assets reached VND 176,697 billion, up 69% against 2015. Owners’ equity grew to VND 16,874 billion. Profit before tax reached VND 2,523 billion.
According to credit rating of Moody’s published by the end of March 2019, MSB’s long-term domestic and foreign currency deposit was upgraded to B2. Both Counterparty Risk Rating (CRR) and Counterparty Risk Assessment (CRA) classes were upgraded from B2 to B. In particular, Moody’s revised our Baseline Credit Assessment from CAA1 to B3.
MSB deployed a risk management model under international standards of Basel II. MSB was certified by the State Bank of Vietnam as compliant with Circular 41 on capital adequacy ratio of banks and foreign branch banks in accordance with the Basel II standards on June 17, 2019. It demonstrates our prudent, effective and transparent operations under global-standard risk management principles, elevating MSB’s position and competitiveness in the market.
Given our wide range of financial and banking products and services with many superior features, we have earned the trust of more than 3.2 million retail customers, nearly 67,000 corporate customers and many key partners and merchants.
MSB has aggressively extended its network to be among top non-government-owned banks having largest transaction network in Vietnam: 263 branches/transaction offices, 344 ATMs across 51/64 cities.
MSB puts strong focus on technology investment to provide customers with compelling experience: